Shriram Properties To Launch ₹500 Crore Project In North Bengaluru

Shriram Properties Limited (SPL) (NSE: SHRIRAMPPS), a leading mid-market and mid-premium real estate developer, has entered into a Joint Development Agreement (JDA) for ~6.5 acres of prime land in North Bengaluru.

Project Highlights

The upcoming residential project will feature a saleable area of about 0.6 million square feet with an estimated gross development value (GDV) of ₹500 crores. Planned for launch in the next fiscal year, the development is designed to be a premium addition to Bengaluru’s skyline.

Prime Location Advantage

Strategically situated in Yelahanka, one of North Bengaluru’s fastest-growing residential hubs, the project will overlook the proposed Madapanahalli Biodiversity Park. This 154-acre green space will include a medicinal garden, aviary, zoo, and tree park, enhancing the lifestyle appeal for future residents.

Strengthening Growth Strategy

This development aligns with SPL’s asset-light growth model, further strengthening its project pipeline. By focusing on high-quality living spaces integrated with natural surroundings, SPL aims to balance modern urban living with sustainable design.

Commenting on the development, Mr Akshay Murali, Vice President – Business Development at Shriram Properties, said, “This project marks a significant milestone in our journey to create landmark developments that blends luxury living with ecological harmony. Yelahanka’s evolving landscape and its proximity to the upcoming biodiversity park make this location truly unique. We are excited to bring a thoughtfully designed residential experience to this vibrant part of Bengaluru”.

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Conclusion

With its location, premium design, and synergy with Bengaluru’s evolving urban fabric, the project marks a milestone for Shriram Properties, reinforcing its growth momentum in the mid-premium housing segment. 

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